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  • Stone Point Capital managed fund Trident II is selling off 3 million shares it holds in Bermudian powerhouse Axis Capital Holdings in a block trade.
  • The relentless quest by (re)insurers to manage down their reinsurance exposures is thought to have inspired a new approach to crystallising the industry's recoverables, Insider Week can reveal.
  • Broking giant Marsh has announced its first large-scale foray since 1998 with the $1.9bn acquisition of corporate security firm Kroll.
  • The European Parliament has approved the reinsurance directive which paves the way for a regulatory level playing field for companies operating in Europe.
  • Shares in Royal & Sun Alliance (R&SA) rose today after the firm received a welcome boost from analysts ahead of its third quarter results later this week. A note from Numis upgraded the outlook on R&SA shares from ‘HOLD’ to ‘ADD’ and increased its...
  • Smaller shareholders in Alea Group Holdings (Bermuda) Ltd may have got their wish with the news that the failed reinsurer has received an approach that might lead to a higher offer than the 93p a share offered by Fortress Investment Group (FIN).
  • Willis Group Holdings has announced the appointment of Gary Schmalzriedt as the chairman of its reinsurance brokerage, Willis Re.
  • As SCOR found out recently, there are times when shareholders need an extra incentive before they will support take-out offers – and this is looking increasingly the case with the defunct reinsurer Alea Group Holdings.
  • A new research note from Shore Capital analyst Eamonn Flanagan has cast doubt on the rationale behind Omega’s bid for fellow Lloyd’s vehicle Hardy Underwriting.
  • The Corporation's chief executive Richard Ward is understood to be close to ordering a restructuring of its senior management and reporting structures, according to sources.